FIRST AMERICAN FINANCIAL CORPORATION

FAF ·Financial, Insurance - Property & Casualty, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Revenue $7.45B $6.13B $6.00B $7.61B $9.22B $7.09B $6.20B
Cost of Revenue
Gross Profit
Gross Margin
Operating Expenses
Research & Development
SG&A Expense
Operating Income $983.2M $315.0M $406.9M $418.7M $1.71B $980.0M $953.0M
Operating Margin 13.2% 5.1% 6.8% 5.5% 18.6% 13.8% 15.4%
Interest Expense $157.0M $149.6M $132.5M $93.0M $72.4M $57.0M $48.0M
Pretax Income $826.2M $165.4M $274.4M $325.7M $1.64B $923.0M $905.0M
Income Tax Expense $201.0M $32.8M $58.9M $60.4M $392.2M $223.0M $195.0M
Net Income $621.8M $131.1M $216.8M $263.0M $1.24B $696.0M $707.0M
Net Margin 8.3% 2.1% 3.6% 3.5% 13.5% 9.8% 11.4%
EPS (Basic) $6.02 $1.26 $2.08 $2.46 $11.18 $6.18 $6.26
EPS (Diluted) $6.00 $1.26 $2.07 $2.45 $11.14 $6.16 $6.22
Shares Outstanding (Basic) 101.9M 103.3M 103.9M 104.3M 107.0M 111.0M 112.7M 113.1M
Shares Outstanding (Diluted) 101.9M 103.7M 104.3M 104.6M 107.3M 111.4M 113.0M 113.7M
Dividends Per Share $2.18 $2.14 $2.10 $2.06 $1.94 $1.78 $1.68
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